Determine the forecast of profit for a store with sales, Operation Management

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Determine the forecast of profit for a store with sales

An innovative restaurateur owns and operates a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuce. Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars) by the regression equation Y = 8.21 + 0.76 X. What is your forecast of profit for a store with sales of $40 million? $50 million?

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Operation Management: Determine the forecast of profit for a store with sales

Reference No:- TGS087674

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Recent Questions Asked Operation Management

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Operation Management: Determine the forecast of profit for a store with sales

Reference No:- TGS087674

Recent Questions Asked Operation Management

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